Aluminum LME

Trading Screen Product Name Aluminum LME
Commodity Code LALZ/ AHD
Contract Size 25 tons / lot
Price Quotation USD / ton
Contrac Type 3-Month
Contract Series Listed daily
Trading Hours Monday – Friday

07:00 A.M – 01:00 A.M (the next day)

Minimum Price Fluctuation 0.50 USD / ton
Maturity Day 90 days forward the listed day
Last Trading Day One business day prior to Maturity Day
Margin As MXV required
Position Limit As MXV required
Price Limit As MXV required
Settlement Method Deliverable
Quality Standards Standards are detailed below

As regulated by the product Aluminum traded on the London Metal Exchange (LME).

1. Primary aluminium with impurities no greater than the chemical composition of one of the registered designations:

a, P1020A in the North American and International Registration Record entitled “International Designations and Chemical Composition Limits for Unalloyed Aluminum” (revised March 2007)

b, Al99.70 in the GB/T 1196-2008 Standard entitled “Unalloyed aluminium ingots for remelting”

For warrants created up to and including 31 December 2009 primary aluminium of minimum 99.70% purity with maximum permissible iron content 0.20% and maximum permissible silicon content 0.10%.

2. Delivereable under the shape of Ingots, t-bars, sows

3. All aluminium deliverable against LME contracts must be of an LME-approved brand

(A)   P1020A in the North American and International Registration Record entitled “International Designations and Chemical Composition Limits for Unalloyed Aluminium” (revised March 2007)

Element Composition, % maximum
Si 0.10
Fe 0.20
Zn 0.03
Ga 0.04
V 0.03
Others Each ** 0.03
Others Total ** 0.10
Aluminium Remainder

** There is no requirement within the Specification to establish the composition values of any other specific element.

(B)   GB/T 1196-2008 registered designation Al99.70 entitled “Unalloyed Aluminium Ingots for Remelting”

Element Composition %
Al 99.70           minimum
Si 0.10            maximum
Fe 0.20            maximum
Zn 0.03            maximum
Ga 0.03            maximum
Cu 0.01            maximum
Mg 0.02            maximum
Others Each 0.03            maximum
Total of all Impurities 0.30            maximum

Warrants issued before 1 January 2010 could also conform to specification (C) below:

(C)   Primary Aluminium of Specification:

Element Composition, % maximum
Si 0.10
Fe 0.20
Aluminium 99.70 % minimum

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